APO重装上阵

APO Reloading

"10号文"对海外红筹上市之路的限制,金融危机对美国IPO市场融资窗口的暂时冻结,这些都促进了具备融资功能的反向收购——APO重装上阵。不过,较之前将OTC挂牌等同于上市的误区,能在反向收购的同时获得私募融资的APO模式已经成为那些不完全具备上市资格的中小企业们曲道资本市场的另类途径。

Though full of disputes, APO with a financing clause has become popular again, Thanks to government’s restriction on Red-Chip incorporation overseas and the temporary freezing of overseas IPO market. However, it should be noticed that the route is still full of traps.